Mumbai: Tata Trusts, which own 66 per cent of Tata Sons, have proposed merging two operating companies with the Tata Group’s holding company in a restructuring that would allow it to shed its classification as a non-banking financial company and a core investment company, helping it retain its status as an unlisted private company. The…
New Delhi: Bank unions on Sunday deferred their three-day nationwide strike following assurance from the Indian Banks’ Association (IBA) on their demands, including a five-day work week. The strike call beginning Monday was given by the United Forum of Bank Unions (UFBU), which coincides with half-yearly closing. With the postponement of the strike, banks would…
Srujana Pydi For most magicians, the stage is a place of wonder, applause and entertainment. For Kala Ratna and Hamsa Awardee V. Madhava Rao, however, the stage has a far deeper purpose. For more than three decades, he has taken the art of magic beyond conventional entertainment, using it as a medium to educate, inform…
Bengaluru: Union Finance Minister Nirmala Sitharaman on Saturday expressed confidence that India could achieve economic growth of more than 10 per cent, stressing the need for greater adoption of technology and innovation across sectors. Speaking at a fireside chat organised by the IIT Madras Alumni Association here, she said higher economic growth would help accelerate…
New Delhi: The proposed Merchant Discount Rate (MDR) on select high-value UPI transactions is neither a tax, cess nor a surcharge, and the collections will not accrue to the government, Finance Minister Nirmala Sitharaman said, rejecting criticism from Opposition parties. The Finance Minister said the MDR is a charge within the digital payments ecosystem and…
Two years after its September 2024 peak of about 26,277, the Nifty trades near 23,400, roughly 10 percent lower. For investors who entered after 2020, this is the first long sideways phase they have lived through. It is not the first India has seen. Since 1992, Indian equities have gone through at least four comparable…
Mumbai: Markets regulator Sebi board on Thursday approved a comprehensive overhaul of the portfolio management services framework, allowing portfolio managers to invest in initial public offerings, primary market debt issuances and a wider range of overseas securities. The Sebi board approved the Securities and Exchange Board of India (Portfolio Managers) Regulations, 2026, replacing the existing…
Kolkata: Adani Group Chairman Gautam Adani on Thursday said West Bengal must emerge as a key engine for the country’s next growth phase, asserting that the state’s strategic location made it essential to fulfil the vision of Viksit Bharat. He said much of India’s economic growth momentum over the past several decades had come from…
New Delhi: All banks, including Regional Rural Banks, will remain open on Sunday for the convenience of customers in view of a strike called by the United Forum of Bank Unions (UFBU), the finance ministry said in a statement on Wednesday. The UFBU, which claims to represent 90 per cent of the banking workforce, is…
The industrial atmosphere at the recently concluded bauma CONEXPO INDIA 2026 hummed with a heavy mix of diesel exhaust, hot asphalt, and fresh machinery paint. It served as the perfect backdrop for Volvo Construction Equipment to completely rewrite the rulebook of modern infrastructure, while eager crowds ducked past aggressive dust devils kicked up elsewhere in…
